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Keywords: business judgment rule
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Journal Articles
A Contracting Model of Entire Fairness: An Analysis of Divestitures of Parent-Held Control Blocks
Available to Purchase
Journal of Law, Finance and Accounting (2021) 6 (1): 89–123.
Published: 06 May 2021
...-dealing. A parent can also divest its stake via business judgment rule methods. Theory and evidence indicate that under entire fairness affiliate purchases occur only when both parent and affiliate hold positive private information; premiums paid are equal to those paid in arm’s length, third party deals...
